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Question 18 Which of the following statements is true? A Chapter 11 bankruptcy leads to the liquidation of the company A Chapter 7 bankruptcy leads

Question 18

Which of the following statements is true?

A Chapter 11 bankruptcy leads to the liquidation of the company

A Chapter 7 bankruptcy leads reorganization of the company's debt

A Chapter 11 bankruptcy leads to the reorganization of the company's debt

A Chapter 7 bankruptcy leads to the adjustments of debt for an individual

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